William A. Guerrieri

Selected Representations of Distressed Companies

• Zachry Industrial—Chapter 11 restructuring of approximately $900 million of debt obligations.
• GT Real Estate—Chapter 11 restructuring of Carolina Panthers’ NFL practice facility and mixed-use development project.
• Swissport—Cross-border restructuring of approximately €2 billion of funded debt that was implemented via an English scheme, a chapter 15 filing, and a prepacked UK administration filing.
• Various—Confidential representations of distressed companies, including in the technology, education, and real estate industries, in restructuring planning and strategy.
• iHeartMedia, Inc.*—Chapter 11 restructuring of approximately $16 billion of funded debt.
• Armstrong Energy, Inc.*—Chapter 11 restructuring of approximately $200 million of funded debt.
• 21st Century Oncology Holdings, Inc.*—Chapter 11 restructuring of approximately $2 billion of funded debt.
• Payless ShoeSource, Inc.*—Chapter 11 restructuring of approximately $830 million of funded debt.
• Midstates Petroleum Company, Inc.*—Chapter 11 restructuring of approximately $2 billion of funded debt.
• Aspect Software Inc.*—Chapter 11 restructuring of approximately $800 million of funded debt.
• Edmentum Inc.*—Out of court restructuring of approximately $370 million of funded debt.
• Energy Future Holdings Corp.*—Chapter 11 restructuring of approximately $49 billion of liabilities.
• Cengage Learning, Inc.*—Chapter 11 restructuring of approximately $5.8 billion of funded debt.
• Hawker Beechcraft*—Chapter 11 restructuring of approximately $2.5 billion of funded debt.

Creditor Engagements

• Envision Healthcare Official Committee of Unsecured Creditors—Official Committee of Unsecured Creditors in chapter 11 restructuring of approximately $7.7 billion of funded debt.
• Cox Oil Official Committee of Unsecured Creditors—Official Committee of Unsecured Creditors in chapter 11 restructuring of approximately $280 million of secured claims.
• Global Cloud Exchange—Ad Hoc Group of Senior Secured Noteholders in restructuring of approximately $350 million of funded debt.
• Various—Out-of-court consensual restructurings for secured and unsecured creditors, including growth equity, family office, private credit, real estate fund, and other capital providers.

Selected Representations of Investors, Sponsors, and Others in Distressed and Special Situations

• Industrial Human Capital—Represented group of investments funds in the settlement of fraudulent transfer and other litigation arising from investments in a failed special purpose acquisition company ("SPAC").
• Limetree Bay Energy—Represented financial sponsor and secured debt holder in the restructuring of Limetree Bay Refining and Limetree Bay Terminals, which addressed over $1 billion of funded debt and other obligations.
• PQ Licensing SA—Represented PQ Licensing SA, the global holding company for the Le Pain Quotidien brand and a portfolio company of the private investment fund Cobepa, in the chapter 11 restructuring of its United States and certain other international operations.
• Sixth Street Partners—Represented an affiliate of Sixth Street Partners in a US$402 million overriding royalty interest acquisition and joint venture with Antero Resources Corporation;
  represented an affiliate of Sixth Street Partners in its US$405 million acquisition of PDP assets from Laredo Petroleum, Inc., a company focused on exploration in the Permian basin.
• Various—Confidential representations of companies and investors, including in the energy, education, and real estate industries, in developing commercial strategy and evaluating distressed opportunities.
• Smart & Final Stores*—Represented grocery chain, a portfolio company of Ares Capital, in its acquisition of 33 grocery stores from affiliates of Haggen, Inc. in their chapter 11 auction and sale process.
• Oaktree Capital Management*—Represented Oaktree as plan sponsor and debtor-in-possession lender in the pre-arranged chapter 11 reorganization of Quiksilver Inc., one of the world's leading outdoor sports lifestyle companies, which chapter 11 cases restructured $845 million of indebtedness.
• World Fuel Services*—Represented client in the mass tort bankruptcy cases involving the Montreal, Maine and Atlantic Railway and arising out of the derailment in Lac-Megantic, Quebec.
• Centerbridge Partners, L.P.*—Represented Centerbridge Partners, L.P. in the recapitalization of Boart Longyear, through a series of multiple linked transactions, including a refinancing of indebtedness of approximately $225 million and equity investments of approximately $100 million.
• Silverpeak Real Estate Partners*—Represented client, a privately-held real estate investment advisory business, in the chapter 11 cases of Lehman Brothers.
• Delta Air Lines, Inc.*—Represented Delta Air Lines, Inc. in all aspects of the chapter 11 restructuring of Pinnacle Airlines, Inc., a publicly traded regional airline. The representation included advising Delta in the renegotiation of its capacity purchase flying agreements with Pinnacle, the resolution and settlement of certain commercial disputes existing between the parties, the negotiation of $74.5 million debtor-in-possession secured financing facility provided to Pinnacle by Delta, and the ultimate acquisition of Pinnacle by Delta as part of a chapter 11 plan.
• The Boeing Company*—Represented Boeing in various matters, including the chapter 11 restructuring of Sea Launch (a multi-national joint venture that launched heavy commercial satellites and had liabilities of approximately $2 billion) and various distressed supplier workouts.

*Experience gained prior to joining White & Case.